Hype is the leading mark of decentralized permanent exchange super liquidity and is now the fifth largest digital asset for Futures Open Isport.
At the time of writing, the dollar value of active or public bets in hyped futures (permanent and standard) for global trading is $2.06 billion, according to data source Coinglass.
That makes the hype before Dogecoin
With the open interest in futures related to meme tokens, it is $1.83 billion. Sol with Bitcoin, Ether and Solana leads the hype, with payment-focused XRP cryptocurrency ahead of hype.
Hype’s futures market leadership for DOGE and many other cryptocurrencies with greater market value may represent the increasing popularity of professionally built blockchain products.
Hyproliquid is a decentralized exchange that is focusing on providing on-chain permanent futures markets and building on its own layer 1 blockchain. According to data sources, ultra-smooth accounted for 60% of the total ONCHAIN permanent transaction volume of $94.3 billion last week, according to data sources @uwowuwuwu’s Dunes-based tracker.
Hype tokens are used for economic incentives, fee payments and decentralized governance, enabling holders to participate in the decision-making process. The agreement utilizes 97% of transaction fees charged from users to buy back hype, thus continually adding bullish pressure to the market.
“92.78% of the deal (HyperCore) revenue is repurchased hype in the open market – $1B of repurchased annually,” High liquidity hub says On X. “Major companies and funds are actively increasing the hype of their portfolios and top marketers of traditional financial companies, which trades in HyperCore’s miscellaneous items, thus creating the deepest liquidity in cryptocurrencies.”
In three months, Hype won a huge reward at the Four Jill rally, reaching a record $44. The rally took place next to a booming open interest and a positive annual funding rate, soaring above 100% at some point, indicating a strong demand for bets on bullish leverage.
